Tata Motors Passenger Vehicles reported a 24.5% YoY increase in wholesale volumes at Jaguar Land Rover during the latest quarter. However, retail sales of the luxury vehicle business declined 7.5% YoY during the period.
Tata Motors Passenger Vehicles reported a 24.5% YoY increase in wholesale volumes at Jaguar Land Rover during the latest quarter. However, retail sales of the luxury vehicle business declined 7.5% YoY during the period.
Gland Pharma Ltd. has approved an investment of $21 million, equivalent to around Rs.183 crore, in its US subsidiary, Gland Pharma USA.
Transformers and Rectifiers (India) Ltd. has secured two orders in the range of Rs.100–500 crore from Gujarat Energy Transmission Corporation Ltd. and Damodar Valley Corporation.Transformers and Rectifiers (India) Ltd. has secured two orders in the range of Rs.100–500 crore from Gujarat Energy Transmission Corporation Ltd. and Damodar Valley Corporation.
EFC (I) Ltd. has completed the acquisition of 100% of Ultrafresh Modular Solutions Ltd. through a share-swap transaction. The deal involved the issue of 19,99,996 shares by EFC India, with the acquisition valued at approximately Rs.53.99 crore.
Unimech Aerospace and Manufacturing Ltd. has completed the first tranche of its investment in Kanoo Unimech Advanced Manufacturing Solutions, a joint venture with Yusuf Bin Ahmed Kanoo Company in Saudi Arabia.
Jagsonpal Pharmaceuticals Ltd. has completed its acquisition of the wellness portfolio of Group Pharmaceuticals Ltd. on October 1 after the agreed conditions were fulfilled.
Jio Financial Services Ltd. and Allianz have subscribed to 32 crore shares of their joint venture, Jio Allianz General Insurance Company Ltd., for a total investment of Rs.320 crore.
Interarch Building Products Ltd. has received an order worth around Rs.89 crore for the design and construction of a steel building system for a data-centre project.
Waaree Energies Ltd.’s subsidiary, Waaree Power, has commenced production at a new solar inverter manufacturing line. The development expands the group’s manufacturing capabilities in power-conversion equipment used in renewable-energy projects.
Exide Industries Ltd. has invested an additional Rs.100 crore in its wholly owned subsidiary, Exide Energy Solutions Ltd., through a rights issue. Following the latest investment, Exide Industries’ total investment in the subsidiary has reached around Rs.5,202.23 crore.
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